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Equity (Tables)

12 Months Ended

Dec. 31, 2024

Equity [abstract]

Summary of Number of Shares of Subscribed and Outstanding Capital Stock

PLDT’s number of shares of subscribed and outstanding capital stock as at December 31, 2024 and 2023 are as follows:

		2024				2023
		(in millions)
Authorized
Non-Voting Serial Preferred Stock			388				388
Voting Preferred Stock			150				150
Common Stock			234				234
Subscribed
Non-Voting Serial Preferred Stock(1)			300				300
Voting Preferred Stock			150				150
Common Stock			219				219
Outstanding
Non-Voting Serial Preferred Stock(1)			300				300
Voting Preferred Stock			150				150
Common Stock			216				216
Treasury Stock
Common Stock			3				3

(1) 300 million shares of Series IV Cumulative Non-Convertible Redeemable Preferred Stock subscribed for Php3 billion, of which Php360 million has
been paid.

Summary of Dividends Declared

Our dividends declared for the years ended December 31, 2024, 2023 and 2022 are detailed as follows:

December 31, 2024

Date

Amount

Class

Approved

Record

Payable

Per Share

Total

(in million pesos, except per share amounts)

Cumulative Non-Convertible    Redeemable Preferred Stock

Series IV (1)

January 30, 2024

February 14, 2024

March 15, 2024

—

12

May 9, 2024

May 24, 2024

June 15, 2024

—

13

August 13, 2024

August 28, 2024

September 15, 2024

—

12

November 12, 2024

November 28, 2024

December 15, 2024

—

12

49

Voting Preferred Stock

March 21, 2024

April 5, 2024

April 15, 2024

—

2

June 11, 2024

June 28, 2024

July 15, 2024

—

3

August 13, 2024

September 16, 2024

October 15, 2024

—

2

December 3, 2024

December 17, 2024

January 15, 2025

—

3

10

Common Stock

Regular Dividend

March 7, 2024

March 21, 2024

April 5, 2024

46.00

9,938

August 13, 2024

August 27, 2024

September 11, 2024

50.00

10,803

20,741

Charged to retained earnings

20,800

(1) Dividends were declared based on total amount paid up.

December 31, 2023

Date

Amount

Class

Approved

Record

Payable

Per Share

Total

(in million pesos, except per share amounts)

Cumulative Non-Convertible    Redeemable Preferred Stock

Series IV (1)

January 31, 2023

February 27, 2023

March 15, 2023

—

12

May 4, 2023

May 19, 2023

June 15, 2023

—

12

August 3, 2023

August 19, 2023

September 15, 2023

—

13

November 7, 2023

November 22, 2023

December 15, 2023

—

12

49

Voting Preferred Stock

March 2, 2023

March 17, 2023

April 15, 2023

—

3

June 13, 2023

June 28, 2023

July 15, 2023

—

3

August 29, 2023

September 13, 2023

October 15, 2023

—

2

December 5, 2023

December 22, 2023

January 15, 2024

—

2

10

Common Stock

Regular Dividend

March 23, 2023

April 11, 2023

April 24, 2023

45.00

9,722

August 3, 2023

August 17, 2023

September 4, 2023

49.00

10,587

Special Dividend

March 23, 2023

April 11, 2023

April 24, 2023

14.00

3,025

23,334

Charged to retained earnings

23,393

(1) Dividends were declared based on total amount paid up.

December 31, 2022

Date

Amount

Class

Approved

Record

Payable

Per Share

Total

(in million pesos, except per share amounts)

Cumulative Non-Convertible Redeemable Preferred Stock

Series IV (1)

January 25, 2022

February 21, 2022

March 15, 2022

—

12

May 5, 2022

May 20, 2022

June 15, 2022

—

13

August 4, 2022

August 19, 2022

September 15, 2022

—

12

November 3, 2022

November 18, 2022

December 15, 2022

—

12

49

Voting Preferred Stock

March 3, 2022

March 23, 2022

April 15, 2022

—

2

June 14, 2022

June 30, 2022

July 15, 2022

—

2

August 24, 2022

September 15, 2022

October 15, 2022

—

3

December 15, 2022

December 29, 2022

January 15, 2023

—

3

10

Common Stock

Regular Dividend

March 3, 2022

March 17, 2022

April 4, 2022

42

9,075

August 4, 2022

August 18, 2022

September 5, 2022

47

10,155

August 4, 2022

August 18, 2022

September 5, 2022

28

6,049

25,279

Charged to retained earnings

25,338

(1) Dividends were declared based on total amount paid up.

Our dividends declared after December 31, 2024 are detailed as follows:

Date

Amount

Class

Approved

Record

Payable

Per Share

Total

(in million pesos, except per share amounts)

Cumulative Non-Convertible     Redeemable Preferred Stock

Series IV (1)

January 28, 2025

February 11, 2025

March 15, 2025

—

12

Common Stock

Regular Dividend

February 27, 2025

March 13, 2025

April 3, 2025

47

10,155

Charged to retained earnings

10,167

(1) Dividends were declared based on total amount paid up.

Disclosure of Reconciliation of Consolidated Retained Earnings Available for Dividend Declaration Explanatory

The following table shows the reconciliation of our consolidated retained earnings available for dividend declaration as at December 31, 2024:

		(in million pesos)
Consolidated Unappropriated Retained Earnings as of December 31, 2023				22,020
Effect of PAS 27 Adjustments				7,432
Parent Company's unappropriated retained earnings at beginning of the year				29,452
Adjustments: Unrealized gains in prior years:
Fair value adjustments of investment property resulting to gain				(6,626	)
DTA				(2,196	)
Unrealized foreign exchange gains – net (except those attributable to cash and cash equivalents)				(2,590	)
Fair value adjustments (mark-to-market gains)				(1,385	)
Parent Company's unappropriated retained earnings available for dividends as at January 1, 2024				16,655
Add: Net income actually earned/realized during the year
Parent Company’s net income for the year				26,654
Less: Non-actual/unrealized income - net of tax
Fair value adjustments (mark-to-market gains)				(2,070	)
				24,584
Less: Cash dividends declared during the year
Preferred stock				(59	)
Common stock				(20,741	)
				(20,800	)
Parent Company's unappropriated retained earnings available for dividends as at December 31, 2024				20,439

X

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